The following questions (30 – 32) are related with the follo…
The following questions (30 – 32) are related with the following information: On January 1, 2010, Brightstar Inc. issues $1,000,000 of 8%, semiannual 3-year coupon bonds with yield-to-maturity of 10%. The present value of all future cash flows is $949,242. What is the cash raised from the bond issuance? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx)
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